Name: Three myths about corruption
Uploaded: 2013-02-20T15:59:55Z
Duration: 17 min 53 s
Description: Trinidad and Tobago amassed great wealth in the 1970s thanks to oil -- but 2 out of every 3 dollars earmarked for development ended up wasted or stolen. This fact has haunted Afra Raymond for 30 years. Shining a flashlight on a continued history of government corruption, Raymond gives us a reframing of financial crime.

Trinidad and Tobago amassed great wealth in the 1970s thanks to oil -- but 2 out of every 3 dollars earmarked for development ended up wasted or stolen. This fact has haunted Afra Raymond for 30 years. Shining a flashlight on a continued history of government corruption, Raymond gives us a reframing of financial crime.

Afra Raymond: Three myths about corruption

Three myths about corruption

Corruption, an economic crime, loots taxpayer money, yet often escapes the crime narrative in both public and private sectors.

A startling revelation: 2/3 of Trinidad and Tobago's oil wealth was wasted or stolen, debunking the myth of corruption's minimal impact.

Unveiling a systemic issue, $1 billion of a $1.6 billion project was traced to offshore accounts, highlighting deep-rooted corruption.